U.S. Forex Market Commentary |
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EURO The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3770 figure and was capped around the $1.3900 figure. The common currency yesterday reached its lowest level since September 2007 as the U.S. House of Representatives inched closer to voting on the US$ 700 billion bailout bill. Most dealers believe the House will pass the legislation today and provide a much-needed infusion of confidence on Main Street and much-needed
Filed under: Fundamental
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